Industrial Flex For Sale - Sandusky

Industrial for Sale
Catylist Listing ID: 30737027
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial
Building Size (RSF): 2,000 SF
Gross Building Area: 8,000 SF
Gross Land Area: 1.46 Acres
Sale Price: $450,000
Unit Price: $225 PSF
Ceiling: 14 ft.
Office SF: 500 SF
Drive In Bays: 4 Bays
Property Use Type: Investment, Business
Usable Size (USF): 2,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 9/21/2021

Overview / Comments

Currently divided into 4 Suites
Shop area Unit 1 - 3074 sq ft $500 per month
Office & Shop Area Unit 2 - 1898 sq ft $800 per month
Office & Shop Area Unit 3 - 2012 sq ft Vacant
Office Unit 4 - 1451 sq ft - $1028 per month

Located in Sandusky's Industrial Park
Long Term Tenants

Additional Details

Nearest MSA: Saginaw
County: Sanilac
Submarket Type: Other
Taxing Authority: Sandusky
Tax ID/APN: 32010500000200
Zoning: INDUSTRIAL
Highway Access: M-46 - running east and west, north of Port Huron and Parallel to I69
Airports: Midland Bay City - 99 miles
Site Description: Clean Industrial Park with Miscellaneous Commercial Uses
Area Description: Michigan's Thumb Region East of Saginaw Servicing local businesses and community
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1980
Roof Type: Other
Construction/Siding: Block
Exterior Description: Solid block construction with Metal Roof
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface Parking
Eave Height: 16
Overhead Cranes: Undisclosed
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED
Internet Access: Cable
Interior Description: Each unit designed differently for business type. Complete office Collision/Shop Repair with bays
Zoning Description: Commercial - Industrial Park
Part of Planned Development?: Yes
Lot Frontage: 382
Lot Depth: 199
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 2 Industrial Park

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,004 3,004 5,052
Median Age: 41.82 41.82 42.8
Households: 1,258 1,258 2,072
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